Economy, asked by darsh7291, 5 months ago

what are the causes of rightward shift in the budget line​

Answers

Answered by nimpranjali
0

Explanation:

When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line. On the other hand, when there is a decrease in income, the consumer's consumption possibility decreases, and the budget line shifts inwards.

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Answered by theabhi28
1

Answer:

  1. When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line.
  2. On the other hand, when there is a decrease in income, the consumer's consumption possibility decreases, and the budget line shifts inwards

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